How to revive lapsed life insurance policy

Failure to pay the premium of a life insurance policy before the due date results in the policy lapsing. The cover ceases to be available once the policy lapses. It is possible to revive a lapsed life insurance policy subject to fulfillment of conditions. Life insurers also come up with special campaigns for revival of lapsed policies with concession or waiver of penalties.

Whether it’s your retirement, marriage or child’s birth, financial planning is necessary at every stage of life. The moment you begin earning, you need to inculcate the habit of financial planning to make the sure…

People have various financial goals and to help achieve them there are a plethora of investment options available in the market. However, this makes it difficult for us to decide where to invest. 1.Public Provident…

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If the insurer fails to resolve the grievance within the stipulated time, a policyholder can approach the Insurance Regulatory and Development Authority of India (IRDAI) within a year. An insurance policy is bought to secure…

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insurance regulator Irdai has launched a web portal for insurers that will allow them to register and sell policies online. The portal — isnp.irda.gov.in — is also open to intermediaries in the insurance business, Irdai said in a circular. Read…

Drunk drivers will have to pay the entire compensation for causing death or injury in a road crash. According to the Motor Vehicles (Amendment) Bill introduced in the Lok Sabha on Friday, insurance companies will…